Los Angeles Capital Management LLC Makes New $5.01 Million Investment in Wingstop Inc. (NASDAQ:WING)

Los Angeles Capital Management LLC purchased a new stake in Wingstop Inc. (NASDAQ:WING - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,041 shares of the restaurant operator's stock, valued at approximately $5,010,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WING. Fulton Bank N.A. lifted its stake in Wingstop by 5.0% in the third quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator's stock valued at $228,000 after acquiring an additional 26 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Wingstop by 3.7% in the second quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator's stock worth $347,000 after purchasing an additional 29 shares in the last quarter. Dark Forest Capital Management LP raised its position in shares of Wingstop by 4.3% in the second quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator's stock valued at $318,000 after purchasing an additional 31 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator's stock worth $39,000 after purchasing an additional 35 shares during the last quarter. Finally, Hollencrest Capital Management lifted its holdings in shares of Wingstop by 53.8% during the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator's stock valued at $42,000 after acquiring an additional 35 shares during the period.

Analyst Ratings Changes

WING has been the topic of a number of research reports. Stephens cut their price target on shares of Wingstop from $490.00 to $468.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Morgan Stanley increased their target price on Wingstop from $390.00 to $400.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 16th. Truist Financial boosted their price target on Wingstop from $407.00 to $423.00 and gave the company a "hold" rating in a report on Thursday, August 1st. BTIG Research upgraded Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 price objective for the company in a report on Thursday, October 31st. Finally, BMO Capital Markets boosted their target price on Wingstop from $345.00 to $360.00 and gave the company a "market perform" rating in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $368.74.

Wingstop Trading Down 0.6 %

Shares of Wingstop stock traded down $2.06 during trading hours on Tuesday, reaching $341.45. 292,131 shares of the company's stock were exchanged, compared to its average volume of 460,626. Wingstop Inc. has a 52-week low of $210.94 and a 52-week high of $433.86. The company has a fifty day moving average of $379.68 and a 200-day moving average of $385.91. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 100.15, a price-to-earnings-growth ratio of 3.17 and a beta of 1.76.

Wingstop (NASDAQ:WING - Get Free Report) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The company had revenue of $162.50 million for the quarter, compared to analysts' expectations of $160.24 million. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business's quarterly revenue was up 38.8% compared to the same quarter last year. On average, equities research analysts anticipate that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.32%. The ex-dividend date is Friday, November 15th. Wingstop's payout ratio is currently 31.49%.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.